Ignacio was involved in an auto accident in which he was at fault. His own car...

Ignacio was involved in an auto accident in which he was at fault. His own car sustained $3,827 damages and the other vehicle cost $1,709 to repair. Ignacio was not injured, but the driver of the other car required medical treatment costing 34,550 and the passangers injuries totaled $3,944. Ignacio's policy includes 15/30/10 liabilty, $250 deductible collision and $100 deductible comprehensive. How much of the damages must the insurance company pay?

a.$ 24,230

b.$ 30,000

c.$ 43,680

d.$ 21,840

Solutions

Expert Solution

Option - A

Particulars	Amount
Ignacio's Vehicle Damages	$ 3,827.00
Other Vehicle Damages	$ 1,709.00
	$ 5,536.00
Less: Deductable	$ (250.00)
Property Damage Claim	$ 5,286.00

Driver Injury	$ 34,550.00
Maximum Mediclaim per person	$ 15,000.00

Passenger Injury	$ 3,944.00
	$ 18,944.00
Maximum Amount for Bodily Injury in an accident	$ 30,000.00
Medical Claim	$ 18,944.00

Total Claim	$ 24,230.00

ekkarill92 answered 1 year ago

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